A consumer is an individual who buys goods or services for personal use or ownership preferably for resale or as a raw material in the production process. The process of giving some rights to consumers against malicious business practices. in the market began only after the emergence of a movement called the “Consumerism”. In the year 1962, John F. Kennedy the then U.S. President gave four basic rights to the consumers which later came to be known as the Consumer Bill of Rights.
In the Consumer Bill of Rights, the consumer's right to be informed is the second one, according to this right all the businesses should always be available to provide correct and appropriate information to the consumers.
Companies are obligated to inform properly the consumer of the different things that their products are made, and make clear instructions that can be followed as well as clear warnings on the hazards and consequences that the use of the given products could cause.
Answer: an economic phenomenon where two parties each hold an item the other wants, so they exchange these items directly without any monetary medium!!
